Jun 8, 2010

Warrant trading ideas - MMCCORP-CA

With the Government intent of weaning itself of its reliance on natural gas to fuel power plants, MMC Corporation stands to benefit the most as it is the most experienced in coal IPPs compared to the others (YTL Power International and Tanjong PLC). We  believe most of the 2,000MW of new coal IPPs will go towards  MMC Corporation. MMCCORP-CA’s premium is reasonable at 8.6% and gearing is decent at 6.8x.


by ECMLibra